SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (164652)11/15/2008 3:09:12 PM
From: JBTFDRead Replies (2) | Respond to of 306849
 
I think if you want to look for a cause you could just as easily point your finger at the ratings agencies that (IMO fraudulently) rated all this stuff. I they had rated the CDO's commensurate with the actual risk no one would have been willing to buy it.



To: Jim McMannis who wrote (164652)11/15/2008 4:39:47 PM
From: bentwayRead Replies (1) | Respond to of 306849
 
"Everybody looked the other way man. They thought it was a win win situation. It was a concerted effort."

This thread didn't, and we weren't alone. We knew the houses were overpriced and the exotic mortgages were defaults waiting to happen that were being sold to people that qualified with a pulse.

We missed the shadow banking system selling mortgage backed securities and credit default swaps to "insure" them, but who didn't? It was SECRET.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News